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FYI - Qualified Roth Contribution Programs Gain Attention
Beginning in 2006, 401-K retirement plans may be amended to permit employees to designate some or all of their contributions as Roth contributions pursuant to a "qualified Roth contribution program." Contributions to a qualified Roth contribution program are made on an after-tax basis, but distributions (including earnings) are tax-free.
A summary of the requirements applicable to a qualified Roth contribution program, and a discussion of the potential advantages and disadvantages of adding this feature to a 401-K plan are featured in the following article.
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